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What’s the QUESTION? Do Now!
It is responsible for monitoring all of the money coming in and going out of the business.
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What is the purpose of the Finance Department within a business?
It is responsible for monitoring all of the money coming in and going out of the business.
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2.1.3 Business organisation – how businesses organise themselves
Lesson Objectives Define Key Terms Understand the following functional areas: Finance Human resources Marketing Operations Administration/ICT Understand key operational tasks associated with each functional area Evaluate the consequences for a business if the functional areas do not operate efficiently. Answer exam questions on the topic
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In the exam… Types of exam questions “Identify three different functional areas of Business X and explain one task which each functional area would carry out” 9 marks “Evaluate the consequences of a business you have studied of functional areas of a business not operating efficiently” 10 marks SKILLS I NEED IN THE EXAM: Explain what each functional area does and give examples which apply to a specific business Explain what will happen to a business if the functional departments don’t operate efficiently.
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What 3 things does the Administration Department do?
Other Departments What 3 things does the Administration Department do?
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Key Concepts: Functional Area Explain what the department does
How does the department do it? Using Cadbury’s give an example of what the department might do Finance What: How: Human resources Finance – Monitoring the money coming in and going out of the business HR – Deals with managing the workers – recruitment, payroll, health and safety, training and motivation
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Key Concepts: Functional Area Explain what the department does
How does the department do it? Using Cadbury’s give an example of what the department might do Marketing What: How: Operations Marketing – Responsible for developing a marketing strategy to set prices, make customers aware and persuade to buy and make sure it is convenient to buy Operations – Responsible for the production of the product including, sourcing, ordering, making and quality of products made.
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Key Concepts: Functional Area Explain what the department does
How does the department do it? Using Cadbury’s give an example of what the department might do Admin/ICT What: How: Admin - Paperwork and day to day running of the business including reception, incoming calls, preparing communications documents, site management IT – Electronic aspects of the business, website, telecommunications, network
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Plenary Lesson Objectives Define Key Terms
Identify possible reasons why a business starts Identify types of activity a business may become involved in Explain possible changes in the external environment that can impact on these activities Evaluate the consequences of these changes in the external environment to business activity Answer exam questions on the topic
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